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  Home > Search Results > For Sale: Bistro Restaurant

For Sale Bistro Restaurant In Bergen County, New Jersey

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Contact: Steve Zimmerman at 650-823-6174, 650-823-6174 - Log In To Message/Email This Contact
Last Revised: 10/24/19. Posting #: 10249150
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Key Words: cafe, bistro, catering, bergen, absentee
Financial Info: Offered at a reduced price of $199K. Revenue (2018) $609,117, SDE (2018) $127,071, Lease: $3,697/month. SBA pre-qualified for a loan amount of $150K and a buyer down payment of $55K for 10 years at 8%. Estimated monthly payment of $1,820. Lease expires 8/31/2024, 2-5 year options until 8/31/2034.
Profile: Restaurant – Absentee Owner - Offered at $199,000 - Priced for quick sale.

This is an excellent opportunity to own a profitable bistro in Bergen County.

This intimate restaurant is located on a busy street in the downtown area of an upscale town in Bergen County, New Jersey. This town has long been known for attracting restaurant goers for its creative and delectable food offerings. Established in 2013, this bistro has been serving residents of Northern New Jersey with a wonderful variety of small plates for dinner six days a week. The large menu that has something for every taste includes a wide variety of starters, salads, seafood, meat and mouthwatering desserts all presented beautifully. Catering for private parties and events is available at the home or office upon request. The restaurant offers a selection of varietals of California wine from a popular winery in full and half bottles.

This 1,330 square foot space seats sixty plus five at the bar inside and has outdoor seating that can accommodate up to eighteen comfortably. All equipment is included in the sale price. The restaurant is fully staffed. The owner is basically absentee, spending time in the restaurant only to manage the required paperwork such as accounts payable. The experienced staff includes a full-time floor manager, five kitchen workers and a wait staff. Unlike many restaurant opportunities, the buyer will not need to be a chef. Recipes are in place and the kitchen staff is experienced in preparing them to perfection. However, if the buyer chooses to take a more active role in the restaurant, they will realize cost savings. The restaurant currently serves dinner six days a week and lunch two days a week which provides an opportunity to expand the lunch offering.

The restaurant is approximately 1,330 square feet on the main floor and seats sixty plus five at the bar. A full basement used for storage is included in the lease at no additional cost. The outdoor area can seat an additional eighteen diners. All equipment is owned by the seller, except for the dishwasher, which is leased. The lease cost for the dishwasher is $99 per month. All owned equipment is included in the listing price.

This Bistro is being marketed as an Asset sale for the recently reduced offering price of $199,000. The owner is very motivated and is accepting cash offers but may be open to financing a portion of the sale for the right buyer. He will provide two weeks training included in the sale price to ensure a smooth transition.

Revenue (2018): $609,117
SDE (2018): $127,071
Employees: 1 full-time Manager, 3 full-time, 2 part-time Kitchen staff, 6 Wait staff
Lease: $3,697/month

Lease expires 8/31/2024, includes 2-5 year options running until 8/31/2034
Service: Tuesday – Friday: Dinner, Saturday – Saturday: Lunch & Dinner

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Contact: Peter Siegel, MBA at 925-701-8064 X313, 925-785-3118 (Cell)   Log In To Message/Email This Contributor
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
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Contact: Tony Calvacca at 866-449-6922, 516-319-2214 (Cell)   Log In To Message/Email This Contributor
Profile: Tony Calvacca is a Managing Partner and Principal of the NYBB Group and a Certified Business Intermediary (CBI) with the IBBA. Tony provides M&A and Business Brokerage services to business owners of privately held companies with annual revenues in the $5 million to $50 million range.
Key Words: tony calvacca, the nybb group, business broker, business intermediary, valuation, business valuation, consultant, bagel, cafe, gift, toy, novelty, suffolk
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Contact: Russell Logan at 703-786-8783, 703-786-8783 (Cell)   Log In To Message/Email This Contributor
Profile: Sugaer is a strategic business advisory firm that helps business owners start and grow great businesses, and exit at maximum value. Our firm works with organizations across the business lifecycle, positioning them to prosper over the long term. Expertise in growth/value building, M&A, due diligence.
Key Words: russell logan, sugaer, business intermediary, mergers and acquisitions intermediary, due diligence, consultant, value building, bakery, cafe
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Contact: Steve Zimmerman at 650-823-6174, 650-823-6174 (Cell)   Log In To Message/Email This Contributor
Profile: Steve brings to his clients a wide-ranging business background with a focus on providing the highest level of customer satisfaction. Steve’s experience includes work in mergers and acquisitions, as well as small business brokerage, finance, business development and sales and account management.
Key Words: steve zimmerman, transworld, transworld business advisors, business broker, roofing, contractor, tour, restaurant, fitness, logistics, warren, morris, bergen, union, hudson, middlesex
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Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy

Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: The decision to sell your business is not always easy for business owners and is one that requires careful consideration. BizBenNetwork Senior Facilitator Manager Jordan Green breaks down the difficult decisions that business owners face to go out on top and avoid missing out on their final payday.
Key Words: jordan green, selling a business, sell a business
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
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Key Words: due diligence, buying a business, buyer, buyers, buy a business, attorney, cpa, non-disclosure agreement, tax returns, income statements, due diligence period, balance sheets, cash flow statements, lease, leases, purchase agreement, purchase agreements, assets, liabilities, legal contracts, distribution agreements, risk, risks, lawsuits, due diligence checklist, jordan green
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: When selling your business, it is important to remember that over 80 percent of businesses that go to market never sell. In order to avoid becoming a part of that discouraging statistic, you must revisit these 5 important questions to ensure your business is set up and prepared to sell.
Key Words: jordan green, selling, seller, business for sale, marketing, landlord, lease, rent, cash-based businesses, broker, business broker, advertise
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: It is crucial to have buyers interested in purchasing a business sign a non-disclosure agreement before releasing any information to them about the business for sale. BizBenNetwork Senior Manager Jordan Green shares tips for qualifying buyers and implementing a successful non-disclosure agreement.
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